United Way of the Virginia Peninsula

Analysis

United Way of the Virginia Peninsula is a registered charity in United States, based in Yorktown, VA. It received its IRS tax-exemption ruling in April 1941, 85 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, United Way of the Virginia Peninsula reported income of $5.4m and spending of $5.6m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.1m to $5.4m (+5.8%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of the Virginia Peninsula sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include The American Center for Philanthropy Inc ($5.4m), United Way of Larimer County Inc ($5.4m) and Community Foundation of Southwest Louisiana ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $384k (6.9% of expenses). Other salaries and wages came to $447k. At year end it held assets of $7.2m against liabilities of $1.8m, net assets of $5.5m. It reported 26 employees.